Time Warner Considering Spinning Off Part Of Its Publishing Arm: Report

According to Fortune, the media giant is meeting with a reps from Meredith--but nothing's been confirmed. Could Time Warner be following in the steps of News Corp. and considering spinning off its publishing division? According to a report by Fortune (a Time Inc. publication), the media company has met with reps for a potential buyer to talk about separating People, InStyle, and Real Simple and selling them to an undisclosed buyer. In that plan, Time, Sports Illustrated, and Fortune would stay under the control of Time Warner. The news comes less than a month after Time Inc. laid off 6% of its workforce. But it's not the first time that similar rumors have spread about the publishing arm--and company officials, of course, are not commenting on the record.Read Full Story Continue reading at 'Fast Company'

[ Fast Company | 2013-02-14 00:00:00 UTC ]
News tagged with: #publishing division #media company #potential buyer #real simple #sports illustrated

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